What is The Ultranet
The Ultranet is the first truly decentralized private marketplace. It is a marketplace where all transactions are end-to-end encrypted and where all data, including all merchant listings, is preserved as long as a single node somewhere in the world is running the software. It has a native cryptocurrency called Ultra, which is used by buyers on the platform to make purchases and by merchants on the platform to promote their listings. Ultra can be purchased in minutes using Bitcoin through a decentralized exchange built-in to the Ultranet app (users just need to download the app to purchase Ultra, which they can do today because it's fully launched).
The platform has been in development for over a year, and launched two weeks ago. Since then, thousands of dollars worth of Ultra has been purchased on the app's built-in decentralized exchange using Bitcoin, over 300 people have downloaded the desktop app, and nearly 100 people are actively mining Ultra. The project has gone viral on Reddit and has a vibrant subreddit community with nearly 100 members.
Part of the success was due to the blog I put up as the creator of the project, which has garnered tens of thousands of views since the launch a few weeks ago. The blog describes a lot of the technical innovations behind the system, including its built-in decentralized Bitcoin exchange and its novel "block pool" data structure: https://medium.com/@sarahc0nn0r
The launch was covered by multiple reputable media outlets and is still on the front page of many.
The project is fully open-source and has a Github repo with 20 stars and several contributors creating issues (3 minor issues reported and resolved by the community so far).
I would love for the Ultranet to be a part of your amazing list on ICO Drops.
DetailsIEO (Latoken Launchpad): Apr 13, 2020 - May 18, 2020
Token supply: 17,500,000 ULTR
Total tokens for sale: 750,000 ULTR
LegalBlockchain Platform: New Blockchain
Token infoTicker: ULTR
Token price in BTC: 1 ULTR = 0.0001 BTC
100% to miners and users who burn Bitcoin. Ultra can either be obtained by mining or by burning Bitcoin on the app's built-in decentralized exchange. No tokens are created outside of these mechanisms. (100 %)
100% - Bitcoin used to purchase Ultra through the app’s built-in decentralized exchange is considered “burned.”